PSD3
RegulationsPayment Services Directive 3
Definition
PSD3 is the upcoming revision of the Payment Services Directive that will update and enhance the regulatory framework for Open Banking and payment services in the European Union. It aims to address shortcomings in PSD2 implementation and expand scope.
Related Terms
Frequently Asked Questions
What is Payment Services Directive 3?
PSD3 is the upcoming revision of the Payment Services Directive that will update and enhance the regulatory framework for Open Banking and payment services in the European Union. It aims to address shortcomings in PSD2 implementation and expand scope.
What does PSD3 stand for in Open Banking?
PSD3 stands for Payment Services Directive 3. It is a fundamental concept in Open Banking and PSD2 regulations. PSD3 is the upcoming revision of the Payment Services Directive that will update and enhance the regulatory framework for Open Banking and payment services in the European Union. It aims to address shortcomings in PSD2 implementation and expand scope.
How does PSD3 affect Open Banking?
Payment Services Directive 3 is a regulatory framework that shapes how Open Banking operates. It establishes requirements for data sharing, security, and consumer protection that all participants in the ecosystem must follow.
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